Brazil’s Ibovespa performs well as investors digest Fed decision
RIO DE JANEIRO, BRAZIL – The Ibovespa stock index rises on Thursday, 23, following the rise of international stock markets, with investors still digesting the decision of the Federal Reserve (Fed).
The day before, the U.S. central bank signaled that the withdrawal of monthly stimulus of US$120 billion, the tapering, should begin only “soon”, although internal pressures have grown for the Fed to start raising interest rates as early as 2022. At 10:40 AM today, the main B3 index was up 0.60% to 112,957 points.
Investors also react to the interest rate hike by the Monetary Policy Committee (Copom) of the Central Bank. Last night, Copom raised the Selic rate from 5.25% to 6.25% and signaled in a statement that it “anticipates an adjustment of the same magnitude” for the next meeting in November.
The Central Bank also informed that it should raise interest rates to “contractionary terrain”. In the stock exchange, the short-term interest rates present slight increases this morning, while part of the market already sees the Selic reaching 9% by the end of the year.
The biggest highlight of this morning, however, is shares of Embraer (EMBR3), which are up more than 11% after the company announced an order from Bistrow for up to 100 eVTOLs, or “flying electric cars.”
Along with the order, Embraer advised that it will partner with the American company Bistrow to develop the market for vertical take-off and landing urban mobility aircraft, such as the eVTOL.
Key Facts
— Deep Dive
Live Market IntelligenceBrazil — Live Market Board
Rio Times · Live Market Intelligence
Brazil — Live Market Board
-0.43%
171,488.35
-0.43%
71,866.30
+0.66%
10,599.21
+0.09%
2,848,945
—
2,566.28
-0.39%
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IBOV | 171,488.35 | -0.43% | +10.57% | 172,236.05 | 173,272 | 171,111 | — |
| USD/BRL | 5.60 | +1.61% | +5.01% | 5.51 | 5.60 | 5.51 | — |
| SELIC | 13.75% | — | — | — | — | — | |
| PETR4 | 44.83 | -0.80% | +39.74% | 45.19 | 45.15 | 44.50 | 9,227,500 |
| VALE3 | 64.62 | -2.25% | -0.94% | 66.11 | 66.11 | 64.28 | 8,724,400 |
| ITUB4 | 41.34 | -0.91% | +5.70% | 41.72 | 42.50 | 41.34 | 8,124,300 |
| BBDC4 | 14.52 | -1.09% | -23.90% | 14.68 | 14.84 | 14.44 | 14,449,600 |
| BBAS3 | 16.97 | -0.29% | -25.50% | 17.02 | 17.17 | 16.91 | 6,627,400 |
| B3SA3 | 14.57 | -1.89% | +11.43% | 14.85 | 15.14 | 14.57 | 11,949,600 |
| ABEV3 | 15.68 | +0.45% | +19.12% | 15.61 | 15.77 | 15.55 | 4,292,600 |
| WEGE3 | 51.45 | +1.40% | +13.53% | 50.74 | 51.79 | 50.84 | 1,819,400 |
| PRIO3 | 59.31 | -0.13% | +51.31% | 59.39 | 59.48 | 58.35 | 2,224,900 |
| SUZB3 | 55.17 | +1.79% | +18.14% | 54.20 | 55.25 | 53.86 | 2,364,900 |
| RENT3 | 29.99 | -2.72% | -28.62% | 30.83 | 31.29 | 29.93 | 3,872,000 |
| AZZA3 | 14.64 | -3.17% | -48.05% | 15.12 | 15.55 | 14.57 | 992,200 |
| CSNA3 | 4.39 | -2.23% | -47.04% | 4.49 | 4.56 | 4.36 | 4,808,300 |
| GGBR4 | 25.41 | +1.97% | +32.93% | 24.92 | 25.78 | 25.14 | 3,882,100 |
| ENEV3 | 27.22 | -0.66% | +40.52% | 27.40 | 27.74 | 27.22 | 1,114,600 |
— For the complete picture, read our in-depth guide: Latin America Stock Markets 2026: Ibovespa, Merval, COLCAP, IPSA and IPC Guide
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